Welcome to the P-I's Real Estate blog. Here an assortment of real estate professionals discuss contemporary housing issues, facts, analysis and other information about state and national housing, plus rental markets, current real estate conditions, forecasts, gossip and opinion. They all make their living in the real-estate business in the Seattle area. But this blog isn't about selling. It's about sharing what they know or believe about the market — in their own words.

There are new FHA rules going into effect involving condominium units that will be important if you have any clients that own condominium units (or you own one yourself). The conventional wisdom seems to be that the effect of these rules will be to reduce the value of many condominium units because FHA financing will be more difficult, and sometimes impossible, to obtain.
[Read More]

The Million Dollar Challenge. Put $8,000 into the hands of 125 first time home buyers and ONE MILLION DOLLARS will flow into the local economy. This is exactly what Windermere Real Estate/NE of Kirkland, Cobalt Mortgage of Kirkland and over two dozen Community Partners are attempting to do in a program that is called the “Million Dollar Challenge”.
[Read More]